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Greece Property Buying & Investment Newsletter 20th July 2007
 

Hello there…

So that's where summer went...I read that Greece will brace itself for more hot weather this weekend with the temperature expected to be around 43 degrees Celsius (109F) in what is shaping up to be the hottest July in decades…!!

Anyway, I have just been reading of the ongoing battle by the Greeks to have the Elgin Marbles returned to Athens. Do you know about them? These marbles were taken off the Parthenon on the Acropolis by Lord Elgin in the early 19th century and are in the British Museum in a spectacular display. The Greeks say that permission for their removal was never given by Greeks but by their Turkish conquerors - the British Museum maintains that, if it wasn't for them, they would have been destroyed…

The Greeks are building a new museum in which they want to unite their own Parthenon sculptures with those held in London and around the world at the foot of the Acropolis - within sight of the Parthenon temple itself. The late Greek Culture Minister, Melina Mercouri, star of the film ‘Never on Sunday’, said at the at the Oxford Union, in 1986:

“You have kept those sculptures for almost two centuries. You have cared for them as well as you could, for which we thank you. But now in the name of fairness and morality, please give them back. I sincerely believe that such a gesture from Great Britain would ever honour your name"

And so the debate continues. It does of course open up the floodgates... what of all the contents of all the Museums around the world... would they then be expected to return all their foreign treasures – where would it end? It’s a difficult one, isn’t it? However, do go and visit them while they ARE still there – it’s well worth the trip, especially as Mr Ken Livingstone has ensured that you can see them free of charge!

On to more cheerful matters...the rest of the newsletter. I hope you enjoy it!

Please remember that I am only an email away. I may not know all the answers, but I will always try my best to either find out for you or put you in touch with an expert in their field that WILL know….so don’t hesitate to email me at:
mailto:Carol@OverseasGuidesCompany.com

All best wishes for a happy summer, some of it hopefully spent in sunny Greece!


Carol (aka Karolina!!)
Greece Buying Guide
The Overseas Guides Company Ltd.


What about Kefalonia…

I think that I confessed in an earlier email to you that I had not visited Kefalonia previous to my visit early this year…and that I had not really understood what people saw in it. No white Cycladic houses, very few old buildings due to the devastating earthquake in 1953…

Well, just let’s say that I have had to revise my opinion and am now a convert. And you know what they say about the newly converted don’t you?!! I could not believe the beauty of the place, the green-ness, the tranquility, how unspoiled it was, how….GREEK…!!

Because it was out of season I took a flight to Athens and then a bus down to Patras. A delightful short ferry crossing and there I was. I have to say that I know accessibility is important, but I do love arriving on a Greek island by ferry – call me a romantic but it seems right somehow!

I was lucky enough to be met and shown around by a delightful young man (in itself a treat!) whose parents own one of the oldest hotels in Sami. Time was tight so we mainly concentrated on the area around Sami. I only travelled as far north as Assos - a most lovely town with white and pastel houses and a Venetian Fortress. Nearby is the stunning beach of Myrtos - again, they have not made the mistake of ruining the beach with overdevelopment and the road there is an experience in itself!

We drove along the coast to the lovely little fishing village of Agia Efimia, set amphitheatrically around a bay 10 kms north of Sami. From the coast one can see Ithaca and Lefkas shimmering across the water, and pebbly beaches beckon far below. A little inland we drove to Karavomilos, where I saw a really lovely house for sale…sigh!!

We had the most delightful Greek dinner ever in a local taverna in Poulata. Greece was playing Turkey in an important soccer match: thank heavens we left before the match finished as I later learnt that Turkey had won!

We were joined for supper by an expat Brit who had bought his home through the young man I was with – the second extremely happy client that I met. It was quite amusing – we had agreed to meet at an appointed time and, as it got later, I said to my companion: ”He’s forgotten to change his watch from winter to summer time…” And sure enough – he had. A quick phone call and he rushed in to join us, full of apologies - somehow time is not nearly as important here!


We drove inland to Chaliotata, Grizata…and of course the Monastery at Agrillion, overlooking Antisamis Bay and the site of ‘Captain Corelli’s Mandolin’.

You know what I love about the island? There is the little village that they erected for the film, with an inconspicuous signpost…there are almost no traces otherwise. In fact, there was a billboard with photos of the film set that they built for the film but no label: unless my companion had told me, I wouldn’t have known what it was all about…I couldn’t help but think of some of the other touristy towns that I had seen on other islands that have sold their soul to the almighty tourist and his money – I really respect this attitude.

My companion had a treat in store for me: he had specially arranged with the mayor of the town to open the spectacular Melissani Cave – it had been closed for winter. Costas, and his boat, awaited us and we floated as in a dream over the bluer than blue sea water lake. The lake is very deep in parts and evidently there is a fortune in cameras and sunglasses at the bottom of the lake, dropped by careless and excited tourists! I must say that I felt really privileged to be able to experience this in absolute peace and quiet – evidently it is packed in season. On my departure, Costas handed me a lovely calendar in one of those wonderfully spontaneous Greek gestures that catch at the heart…

This side of the island is said to be a bit less expensive than its western neighbour, but both are equally delightful I believe. I plan to visit again nearer the end of the year, when everybody is just a little less frenetic and will report back then. To be continued…

If you are interested in buying in Greece to let, please fill in my property form at
http://www.greecebuyingguide.com/property.htm
and I’ll be happy to put you in touch with my contacts.

mailto:Carol@OverseasGuidesCompany.com


A currency update on the Euro from the one and only currency guru, Charles Purdy

Euro vs sterling

Limited UK economic information released in the last week or so and as such sterling's position against other currencies has been influenced by what is happening elsewhere rather than here. There is still inflationary pressure in the UK system, which is being exasperated by increasing oil prices, and which will be difficult to curtail without even higher UK interest rates.

So it will be interesting to see the minutes of the last Bank of England meeting and what their view is and how close last times vote was when they increased UK interest rates. The Euro [€1.485/£1] has been supported by upward revisions to first quarter gross domestic product growth and healthy industrial production in Euro land. The European Central Bank is expected to increase interest rates in September to keep on top of inflation.

To get a Better-than-Bank-Rate currency quotation go to: http://www.smartCurrencyExchange.com/smartsquotation.htm
or call Carl on 08081 630 102 free phone.

Smart Currency Exchange

A Top Tip: Drive Carefully in Greece!

Please note the following, which I am providing you with via my dear property professional in southern Crete, see 2nd June 2007 www.ekathimerini.com

”Tougher penalties for drivers caught breaching traffic regulations will come into effect on 3rd June, with fines increasing by as much as 400 percent. According to the new rules, drivers caught running a red light will be fined €700, versus the current €167 penalty. Those found not wearing a seat belt will be hit with a €350 penalty – the current fine stands at €83 euros.

The Transport Ministry has said it is targeting driving offenses considered to be more dangerous, while the penalty hike for other offenses, such as illegal parking, will not be as steep. The tougher regulations have provoked mixed reactions from professional road users, but many think that it is simply a revenue-raising measure by the government.

The new regulations will also toughen the penalty points system, the implementation of which has so far proved ineffective. The lack of an appropriate computer system and poor communication between government departments has meant that some 2.5 million drivers who should have lost their licenses over the last four years did not.”

Feedback from a Greece Buying Guide Reader

 

"Thank you so much for putting together such an informative guide. I read it all through last night and it gave me a lot of useful information. I especially liked the pros and cons bit. I'm really excited about this project and it's good to see things from the negative side too.
I know for what and where I am looking and will take a look at the various links you have provided. Then, if it is alright with you, I'll contact you for some pointers."

Thanks again
Munni"

Do you have any feedback on the Greece Buying Guide - feel free to eMail me at:

mailto:Carol@OverseasGuidesCompany.com


Learn Greek the Rapid Way...by my co-worker, Olga:

My co-worker, Olga, will be traveling to Cyprus soon. Although it's not a Greek island, the Cypriots do speak Greek. Olga's never been to Cyprus - or any Mediterranean country, so she's very excited. Last month when she discovered that she was going to Cyprus she decided to learn some Greek for the visit.

Olga offered to write a review on the Greek language set that she used, so here it is:

A month ago I didn’t know a single word of Greek and I didn’t really want to know any Greek. Then I found out I was going to Cyprus and life hasn’t been quite the same since. Well, that is probably a slight exaggeration, but who wouldn’t be excited?!

As a proper tourist to be I went straight on the Internet and searched for language tools, books, CDs, software, dictionaries and anything even slightly related to the Greek language and Cyprus.

And I found something! This something is an audio CD called ‘Rapid Greek’ (who wouldn’t want to learn rapidly…?) by Earworms.

Earworms specialise in language audio CDs that are intended for listening to in a car, on the way to work on your personal stereo or at home. ‘Rapid Greek’ CD has 9 tracks, each of which focuses on particular phrases.

I press play on my personal CD player just as I leave home and set off for work. The CDs opens with soft and relaxing music. I walk down the road while Maria, a Greek lady who appears on the CD, translates Andrew’s simple phrases – he’s your typical Englishman.

By the time I get to the tube station I have learnt to say "I would like…" or perhaps I should say "Tha eethela..." The first track also includes those much needed British words "I would like tea with milk – Tha eethela ena tsai me ghala."

I’m originally Czech so I find my favorite words on the 2nd track called ‘To Order’ – Na barangeelo… where I learned how to order white wine! I believe this will be of some interest to Kim & Carol as well.

I listen to tracks 3 (‘Have you got…’) and 4 (‘To the airport…’) while I’m on the tube. The music is slightly different with every track. Maria and Andrew repeat each new phrase tirelessly. I assume they must know who they are dealing with in me…

The 5th track introduces numbers 1 to 10 and the days of the week. Andrew even explains how I might be able to remember each number better if I use his memory hooks. And you know what? They work!

The next two tracks, which are called ‘Is there…?’ and ‘Directions’, prove to be quite hard to remember especially if you are listening to the CD in one go. Luckily I’m now at work so will finish the CD on my way home…

…ok here we are. I’m on my way home and back to my Greek lesson. Track 8 focuses on telling the time.

Finally the CD closes with a track called ‘Problems, problems’! Perhaps this track should be the first especially for those of us who always run into trouble on their travels. You will learn how to say passport, wallet, plasters, mosquitoes, aspirins, bad stomach, I’ve lost my camera… which is pretty much all you need to put you off going to Cyprus…

I’m only joking! I greatly recommend ‘Rapid Greek’ to anyone who doesn’t have the time to sit and stare at a Greek text book but has time to spare on their way to work. The CD comes with a phrase book so you can look up all the words whenever you need to.

You will not remember it all after the first listen but after a month or two you will be able to remember quite a few useful phrases. I certainly can’t wait to test some of them myself.

I purchased 'Rapid Greek,' for under £10.00 on Amazon. Click here to see more information on it.

Top Forum Post: How to insure for Earthquakes and Fires

Q: Can you insure for FIRE and EARTHQUAKES. We have been told yes and no.

A: You can insure for both fire and earthquakes.

The beauty of the Ionian Islands

For fire you will need to make sure that you always specify 'Fire from the Forest' otherwise you are only insured for fires started by electrical faults, garden rubbish fires and fires started by your own hearthside fire. If you are near olive trees, you will need to specify this and costs will rise as these trees are especially flammable.

Greece is one of the most seismically active countries in the world - you cannot get earthquake cover unless the building is new and/or you can prove that it has been built to conform to anti-seismic standards. You will need a statement from an architect certifying that the property conforms to earthquake building regulations in order to prove this.

Check out the Greece Buying Guide forum at: www.GBG-Forum.com

Take care and have a great week!

Best wishes,

Carol

Carol Dunning
Greece Buying Guide
The Overseas Guides Company Limited.


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All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise without the prior permission of the copyright owner.

The contents are a general guide only and are not intended to be in substitution for professional advice. All readers are strongly advised to take advice from their solicitor, accountant and surveyor before proceeding with any property purchase.